AssuredPartners Investment Advisors LLC Buys Shares of 5,163 Shift4 Payments, Inc. (NYSE:FOUR)

AssuredPartners Investment Advisors LLC bought a new stake in Shift4 Payments, Inc. (NYSE:FOUR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,163 shares of the company's stock, valued at approximately $536,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Shift4 Payments by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 6,539,486 shares of the company's stock valued at $678,668,000 after acquiring an additional 562,774 shares during the period. Wasatch Advisors LP raised its stake in shares of Shift4 Payments by 50.8% in the third quarter. Wasatch Advisors LP now owns 5,883,186 shares of the company's stock valued at $521,250,000 after acquiring an additional 1,980,940 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Shift4 Payments by 5.3% in the third quarter. Geode Capital Management LLC now owns 1,058,369 shares of the company's stock valued at $93,797,000 after purchasing an additional 53,610 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Shift4 Payments by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 459,623 shares of the company's stock valued at $47,700,000 after purchasing an additional 31,927 shares during the period. Finally, Rice Hall James & Associates LLC grew its stake in Shift4 Payments by 799.9% during the 4th quarter. Rice Hall James & Associates LLC now owns 231,034 shares of the company's stock worth $23,977,000 after purchasing an additional 205,361 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company's stock.

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Insider Transactions at Shift4 Payments

In other news, President David Taylor Lauber sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $91.70, for a total transaction of $229,250.00. Following the completion of the transaction, the president now directly owns 264,856 shares of the company's stock, valued at $24,287,295.20. This trade represents a 0.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nancy Disman sold 10,000 shares of Shift4 Payments stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $84.98, for a total value of $849,800.00. Following the transaction, the chief financial officer now owns 177,622 shares of the company's stock, valued at $15,094,317.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,695 shares of company stock valued at $1,097,380. Corporate insiders own 30.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FOUR. Morgan Stanley reduced their price target on Shift4 Payments from $109.00 to $107.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Barclays decreased their price target on shares of Shift4 Payments from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Shift4 Payments in a report on Monday, February 3rd. They set a "hold" rating and a $120.00 price target for the company. Stephens restated an "overweight" rating and issued a $125.00 price objective on shares of Shift4 Payments in a report on Wednesday, February 19th. Finally, Bank of America cut shares of Shift4 Payments from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $112.00 to $105.00 in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $113.80.

Shift4 Payments Stock Performance

Shares of NYSE FOUR traded up $1.92 during mid-day trading on Tuesday, hitting $83.63. 573,404 shares of the company were exchanged, compared to its average volume of 1,559,064. The company has a quick ratio of 2.97, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The stock has a 50 day simple moving average of $102.69 and a 200-day simple moving average of $100.21. Shift4 Payments, Inc. has a 1-year low of $55.87 and a 1-year high of $127.50.

Shift4 Payments (NYSE:FOUR - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $1 billion. Shift4 Payments had a net margin of 6.89% and a return on equity of 29.00%. On average, sell-side analysts forecast that Shift4 Payments, Inc. will post 3.7 EPS for the current fiscal year.

Shift4 Payments Company Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.